Port Moresby Grid Energy Storage Subsidy

3 FAQs about [Port Moresby Grid Energy Storage Subsidy]

What is the Port Moresby power grid development project?

It is aimed at reducing fossil fuel consumption, while increasing the access to energy and improving network reliability in the grid. The Port Moresby Power Grid Development Project is funded by ADB loan 2998/2999-PNG1.

How much does Port Moresby power station cost?

The Project is designed to be capable of staged expansion to approximately 175 MW with the cost for the initial 58 MW plant being ~US$100 million. This investment is underpinned by a long term Power Purchase Agreement (PPA) with PNG Power Limited. The Port Moresby Power Station during construction in October 2018.

Who manages the ADB loan and counterpart funding in PNG?

The ADB loan and counterpart funding provided by the Government of PNG (GoPNG) is managed by PPL through its Project Management Unit (PMU) and supported by the ADB PNG Resident Mission (PNRM). The PMU is supported by technical assistance from an international consultancy firm namely Fichtner GmbH Limited Consultant.

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